AUD/NZD - 1h Chart - Bat Pattern - D leg completion at 1.1223 - Bullish Pattern
Price has now surpassed the B leg support level at 1.1261.
We are now awaiting another move lower towards the 1.1223 kill zone area at which point the pattern will be complete.
As explained in the photo, this pattern is only valid if price has not surpassed 1.1212 as the Fibonacci of the B leg would be incorrect, be sure to check this before trading this pattern.
Potential targets are placed at the .382% and .618% retracement of the C to D move.
Stop loss has been placed below X leg structure support..
www.UKForexSignals.com
Price has now surpassed the B leg support level at 1.1261.
We are now awaiting another move lower towards the 1.1223 kill zone area at which point the pattern will be complete.
As explained in the photo, this pattern is only valid if price has not surpassed 1.1212 as the Fibonacci of the B leg would be incorrect, be sure to check this before trading this pattern.
Potential targets are placed at the .382% and .618% retracement of the C to D move.
Stop loss has been placed below X leg structure support..
www.UKForexSignals.com